Memphis, TN Rent History
137 months of data, 2015–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-06)
$1,280
1-year change
+4.0%
$49/mo
5-year change
+23.0%
$239/mo
10-year change
+63.3%
$496/mo
Monthly rent trend
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Year-by-year rent in Memphis
| Year | Median rent | YoY change | vs 2015 |
|---|---|---|---|
| 2015 | $772/mo | — | 0.0% |
| 2016 | $780/mo | +1.0% | +1.0% |
| 2017 | $798/mo | +2.3% | +3.4% |
| 2018 | $819/mo | +2.6% | +6.1% |
| 2019 | $855/mo | +4.4% | +10.8% |
| 2020 | $914/mo | +6.9% | +18.4% |
| 2021 | $1,017/mo | +11.3% | +31.7% |
| 2022 | $1,146/mo | +12.7% | +48.4% |
| 2023 | $1,189/mo | +3.8% | +54.0% |
| 2024 | $1,225/mo | +3.0% | +58.7% |
| 2025 | $1,226/mo | +0.1% | +58.8% |
| 2026 | $1,256/mo | +2.4% | +62.7% |
Frequently asked questions
How much has rent in Memphis changed since 2015?
Median rent in Memphis, TN was $768 in 2015-01 and is $1,280 as of 2026-06 — a change of $512 per month over 11 years.
How much has Memphis rent increased in the last 5 years?
Over the past 5 years, median rent in Memphis, TN has changed +23.0% ($239 per month). The current median is $1,280.
What has rent in Memphis done over the past decade?
Over the past 10 years, median rent in Memphis, TN has changed +63.3% ($496 per month). It is now $1,280.
Is rent in Memphis going up or down year over year?
Year over year, median rent in Memphis, TN has increased +4.0% ($49/mo). Current median: $1,280.